CALGARY, May 2, 2018 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to report its operating and unaudited financial results for the three months ended March 31, 2018. Selected financial and operating information is outlined below and should be read with Whitecap's unaudited interim consolidated financial statements and related Management's Discussion and Analysis ("MD&A") which are available at www.sedar.com and on our website at [Read more]
Headlines
Suncor CEO says he’s ‘encouraged’ new pipelines will be built after PM’s visit
CALGARY - The CEO of oilsands giant Suncor Energy Inc. says he's confident new oil pipelines will be built after hosting Prime Minister Justin Trudeau at its newly opened Fort Hills oilsands mine in early April. The message he left with Trudeau was that pipeline access must be assured if the industry is to attract the capital it needs to grow, Steve Williams said on a conference call on Wednesday. "We don't want these new projects to have to bear the burden of some of these (oil price) [Read more]
TC Pipelines LP slashes distributions after U.S. move to eliminate tax break
CALGARY - TC PipeLines LP slashed its distributions to unitholders after a move in March by the U.S. government to eliminate a tax break for owners of certain interstate pipelines. The partnership, which is held in part by TransCanada Corp., says it would pay a first-quarter distribution of 65 cents per unit, down from its earlier payout of $1. The decision by the U.S. Federal Energy Regulatory Commission to no longer allow master limited partnerships to recover an income tax allowance [Read more]
Canadian Spirit Resources Inc. Announces Suspension of Natural Gas Production
CALGARY, May 01, 2018 (GLOBE NEWSWIRE) -- Canadian Spirit Resources Inc. (“CSRI” or the “Corporation”) (TSXV:SPI) (OTCBB:CSPUF) and its joint venture partner, Canbriam Energy Inc., have elected to suspend their joint venture natural gas production at Farrell Creek/South Altares effective April 30, 2018 due to low natural gas prices. The continued deterioration in North American natural gas prices accompanied by the further discounted price experienced by producers in northeastern British [Read more]
Suncor Energy reports first quarter 2018 results
Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$), and have been prepared in accordance with International Financial Reporting Standards, specifically International Accounting Standard 34 Interim Financial Reporting as issued by the International Accounting Standards Board. Production volumes are presented on a working interest basis, before royalties, except for Libya, which is on an entitlement basis. Certain financial measures referred to in [Read more]
Pengrowth Announces First Quarter 2018 Results, Setting the Stage for Double-Digit Production Growth in 2018
CALGARY, Alberta, May 01, 2018 (GLOBE NEWSWIRE) -- Pengrowth Energy Corporation (TSX:PGF) (NYSE:PGH) today announced its operating and financial results for the three months ended March 31, 2018. The first quarter results are on plan, setting the stage for a solid year as “new” Pengrowth continues the transformation into a resource developer focused on its two 100 percent owned and operated growth assets at Lindbergh and Groundbirch. “Our results have positioned us with a good start to the [Read more]
Devon Energy Reports First-Quarter 2018 Results
Highlights Raising full-year 2018 oil production outlook High-rate Boundary Raider wells set Delaware Basin record STACK Coyote development delivers prolific production rates Showboat project online 40 days ahead of plan G&A and interest savings to reach $175 million annually $1 billion share-repurchase program underway OKLAHOMA CITY--(BUSINESS WIRE)--Devon Energy Corp. (NYSE: DVN) today reported operational and financial results for the first quarter of 2018. Also [Read more]
New Oil and Gas Jobs From BOE Report Jobs
Here are the latest oil and gas job postings courtesy BOE Report Jobs. To search and filter all the latest jobs, visit the BOE Report job board. All job listings are free to post for companies. Sign up to create an account to post jobs; it’s simple and easy to use. Posting Date Job Title Company Location Apr. 30 Software Developer Commercial Software High Arctic Energy Services Calgary Apr. 29 Senior Business Analyst - Business Planning and Performance Management [Read more]
Point Loma Resources Announces Closing of Acquisition of Oil & Gas Assets – Amendment
CALGARY, Alberta, May 01, 2018 (GLOBE NEWSWIRE) -- Point Loma Resources Ltd. (TSX VENTURE:PLX) (the “Corporation” or “Point Loma”) is pleased to announce that it has acquired certain oil and gas assets from a private oil and gas company involved in a receivership process, with an effective date of November 1, 2017 (the “Acquisition”). After closing adjustments, the net purchase price of the Acquisition was approximately $779,000 for Point Loma’s 70 percent working interest share. The [Read more]
Boom time comes early to West Texas oil patch
MIDLAND, Texas (Reuters) - In West Texas, rising oil prices are fueling a sharp economic upswing, lifting employment and pay to records, driving up spending at hotels, restaurants, and car dealerships, and raising the cost of housing and other essentials. This parched patch of land, under which lie the largest oil-producing rock formations in the United States, is used to growth binges as well as the busts that always follow. After a two-year crash, the price of crude began to recover in [Read more]